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34|W7 MLS® Listings
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Building Info
34|W7 at 34 West 7th Avenue, Vancouver, BC, Canada V5Y 1L6. 34|W7 is a mixed-use office and industrial building. A stepped massing allows each tenant space to avail themselves of spatially private, south facing terraces. The fourth level takes advantage of the sites topography, maximizing northern city views, and features a large external deck overlooking Jonathan Rogers Park to the west.
There will be 75 underground parking stalls over two levels. There are specific allocations per floor, which work out to approximately 1 stall per 1200 SF, with additional stalls available for purchase.
Foreign landlord fails to pay taxes, CRA goes after tenant
It was a Tax Court of Canada case last year that went mostly under the radar by all except for the legal community who were taken aback by its implications for renters.
A Montreal tenant was audited and ordered to pay the tax he had failed to withhold on the monthly rent to his non-resident landlord, as required by law. As a result, he was ordered to pay six years’ worth of tax as well as the compounded interest and penalties. The Canada Revenue Agency (CRA) could not collect against his overseas landlord, so the Canadian tenant was on the hook.
Royal LePage expands footprint with Lower Mainland acquisitions
The importance of technology to residential property sales – and in turn the investors participating in the market – is once again in the spotlight with Royal LePage’s latest brokerage acquisition in Metro Vancouver.
Royal LePage Elite West, based in Port Coquitlam with offices in Maple Ridge and Abbotsford, announced April 2 that it had shed the Keller Williams banner, becoming the largest-ever Keller Williams conversion Royal LePage has seen as brokerages reassess their affiliation in the wake of turmoil in the U.S.
“They’re happy to be joining a Canadian company,” Phil Soper, president and CEO of Royal LePage, explained toWestern Investorlast week as he returned from events in Vancouver marking the transfer, which adds 175 agents for an initial 10-year term under the Royal LePage banner.
B.C. may need 700K more housing units by 2030, says economist
The province will have to build somewhere in the range of 500,000 to 700,000 housing units by 2030 to restore 2003 and 2004 levels of affordability, according to Braden Batch, lead economist for B.C. at the Canada Mortgage and Housing Corp.
Speaking at a panel discussion Wednesday at the Union of BC Municipalities housing summit in Vancouver, he said that this range already accounts for housing that the province is on track to build. Batch said it is also based on low, medium and high population projections, meaning that numbers may differ based on which projection becomes reality.
The Christ Church Cathedral precinct on the edge of downtown Victoria could be significantly transformed if Concert Properties gets rezoning approval for a two-tower housing project that would bring 370 new homes to what once was a YMCA-YWCA facility.
The Vancouver developer has made an application to rezone 851 Broughton St. to allow for a mixed-use project that will include 26- and 11-storey towers housing 220 condominiums and 150 rental units, respectively.
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